TeamViewer acquires Ubimax - AR / IoT expansion

TeamViewer and Ubimax join forces in the fields of connected devices, Augmented Reality and Internet of Things to create the global leader in connectivity solutions and industrial workplace technology.

TeamViewer®, a leading global provider of secure remote connectivity solutions, today (July 17, 2020)  announced that it has signed a definitive agreement to acquire Ubimax, the leader in Wearable Computing and Augmented Reality (AR) solutions for the frontline workforce. 

With this acquisition, TeamViewer will significantly expand its AR and Internet of Things (IoT) offering with industry-specific solutions for enterprise customers. 

These products provide substantial process improvements and productivity gains for all customers, including many international blue-chip companies. 

With Ubimax, the TAM’s size will increase by EUR 10 billion to EUR 40 billion in 2023. The combination will also accelerate the TAM’s annual growth rate (CAGR) from 24% to 27% driven by strong growth of the AR market.

Together with Ubimax, TeamViewer will be able to further expand its offering to enterprise customers and support the digitalization of shop floors with wearable computing devices, tailor-made software and applications. 

The acquisition enables TeamViewer to accelerate the development of new industry-specific use cases, focusing on Data Analytics and Artificial Intelligence. 

The new offering will build on the strong traction of TeamViewer Pilot, an AR solution with intuitive usability for mobile phones and tablets. 

Additionally, Ubimax’s broad customer base especially amongst international blue-chip companies, such as Deutsche Post DHL, BMW or Coca-Cola Hellenic Bottling Company, will provide TeamViewer with new business opportunities in its enterprise segment. 

Ubimax will continue its strategic partnerships, especially with Fielmann, enabling Ubimax to offer individual prescription lenses in smart glasses with Ubimax software.